Beazley, the specialist insurer, has announced the launch of a new consortium that will provide professional indemnity insurance to large law firms based in the UK.
Led by Beazley, the Global Lawyers Consortium will offer up to £10 million of primary capacity.
Brenna Westinghouse, Focus Group Leader for Large Law Firms at Beazley, said: “The landscape for law firms is changing, especially for the larger firms whose offering is increasingly global.
“With the risks confronting firms growing in severity and complexity, we recognise the importance of being able to offer sufficient coverage and a highly tailored service.
“This new consortium offers an effective and efficient solution with a single point of underwriting. Claims service will be delivered by Beazley’s highly experienced lawyers’ professional indemnity team.”
Headquartered in London, Beazley delivers specialist insurance services to clients around the world, as well as through the six syndicates it manages in the Lloyd’s market.